Gold up near $10 on the day, but running into topside MA resistance


100 hour MA on Gold is up at $1567.14

The price of gold is trading up about $9.50 on the day at $1565.50 currently. The high for the day reached $1568.31.  That high peaked above the 100 hour MA (blue line currently at $1567.14).  Close enough.  Sellers have leaned against the level.   

100 hour MA on Gold is up at $1567.14

The price of gold has risen despite a stronger USD and risk on flows.  Helping is that interest rates have declined.  So there is a bit of disconnect in the markets.  

What we do know is that the 100 hour MA is stalling the rally so far.  Key level.  

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